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ChainPoint’18 International Blockchain Conference • November 14-15, 2018

ChainPoint’18 will take place on November 14-15, 2018 in Yerevan, Armenia. The organizer –“Nooor” Armenian Blockchain Association. ChainPoint’18 will be the largest…

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Tag: FINMA

Swiss Regulator Instructs Banks to Assign 800 Percent Market Value Risk Weighting to Cryptoassets

Category: Bitcoin, Finance, Investment, News, Platform, Regulation, Tech

Swiss Regulator Instructs Banks to Assign 800 Percent Market Value Risk Weighting to Cryptoassets

The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks in the country who handle cryptocurrency to weight cryptoassets at eight times their market value when calculating loss-absorbing capital. According to a secret letter quoted by swissinfo.ch in a story published on November 5, 2018, the regulator has imposed the new rule to protect the stability of the Swiss banking…

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Dukascopy Swiss-Based Forex Bank Launches Ether CFDs

Category: Altcoins, Bitcoin, Business, Finance, Investment, News, Regulation

Dukascopy Swiss-Based Forex Bank Launches Ether CFDs

Swiss-based forex broker and crypto-friendly bank, Dukascopy have announced the launch of its Ether contracts for differences (CFDs) after successfully adding Bitcoin CFDs to its product offerings earlier in the year, according to a Finance Magnates report on October 9, 2018. Dukascopy Bank Joins Crypto Bandwagon Per sources close to the matter, Geneva-based retail forex broker, Dukascopy Bank has added…

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Swiss Startup SEBA Raises $103 Million to Build a Cryptocurrency Bank

Category: Bitcoin, Blockchain, Business, Finance, News

Swiss Startup SEBA Raises $103 Million to Build a Cryptocurrency Bank

Swiss Financial Services Startup Seba Crypto AG, is looking to create a bank that offers cryptocurrency services to corporations while providing traditional banking services to the emerging cryptocurrency and blockchain industry, reported Reuters on September 27, 2018. The Swiss startup recently raised $103 million by some international investors including Black River Asset Management and Summer Capital. Traditional Finance Meets The Crypto…

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FINMA Begins Proceedings into $100 Million ICO Envion

Category: Altcoins, Crime, Finance, ICO News, News

FINMA Begins Proceedings into $100 Million ICO Envion

Swiss Financial Market Supervisory Authority FINMA released a press release on July 26, 2018, regarding investigations into Envion AG’s Initial Coin Offering (ICO). Proceedings Focused on ICO The proceedings are particularly interested in potential violations of Swiss banking laws, that stem from potentially unauthorized acceptance of deposits from the ICO. The offering raised around 100 million francs (~$100,000,000) from over…

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Swiss Cryptocurrency Fund Receives First Ever FINMA Operating License

Category: Bitcoin, Blockchain, Business, Finance, News, Regulation, Tech

Swiss Cryptocurrency Fund Receives First Ever FINMA Operating License

Crypto Fund AG has received approval from the Swiss financial regulators FINMA to begin distributing funds. This license will allow the fund to offer new instruments within the Swiss financial market. The grant serves as a milestone in crypto-oriented regulation. Crypto Fund AG is the first fund of its kind to receive such approval in the Swiss sector. Crypto License…

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